1242 6th Ave
Honolulu, HI 96816

For Sale
Sold
Sold Price
$3,415,000 (FS)
List Price
$3,700,000 (FS)
Property Type:
Multi-Family
Studio Units:
0
1-Bed Units:
1
2-Bed Units:
9
3-Bed Units:
0
Land Area (sf):
13,965
Living (sf):
--
Lanai (sf):
--
Other (sf):
--
Parking Stalls:
10 - Assigned, Open
Property Photo
MLS #:
202306592
Island:
Oahu
Region:
Diamond Head
Neighborhood:
PALOLO
TMK:
1-3-3-003-021-0000
List Date:
Date Sold:

REMARKS:

OFFERED below assessed Value. Beautifully maintained 2-story concrete building with (1x) 1-bedroom and (9x) 2-bedroom units with 10 open parking stalls. A large 13, 965 sq ft lot with building size of 7, 920 sq. ft. Each unit features exceptionally large living space with balcony or backyard with units own hot water tank. Building features a coin-operated laundry area for extra monthly income, separately metered electricity, and one sewer. Current rents are below market allowing a buyer to increase rents with some upgrades. Possible redeveloping option under Bill 7 to maximize the property's highest and best use. Ideally located near Chaminade University and the University of Hawaii Manoa, restaurants, and shops.

PROPERTY INFORMATION:

Zoning:
11 - A-1 Low Density Apartment
Furnished:
Partial
Year Built:
1969
Year Remodeled:
--

FINANCIAL INFORMATION:

Assd. Val. Land:
$3,892,100
Assd. Val. Imprv:
$441,500
Assd. Val. Total:
$4,333,600
Tax Year:
2022
Monthly Taxes:
$1,159
Home Exempt.:
--

SCHOOLS:

Elem. School:
--
Middle School:
--
High School:
--

OTHER PROPERTY FEATURES:

Frontage:
Other
View:
Mountain
Pool:
--
Amenities:
None
Inclusions:
--
Security:
--
Assn. Fee Inclusions:
--
Other Fee Inclusions:
--
Lot Description:
Other
Topography:
Level
Number of Stories:
Two
Building Style:
--
Property Condition:
Above Average, Average
Construction:
Concrete
Roofing:
Other
Floor Covering:
--
Disclosures:
None
Possession:
At Closing
Terms Accept.:
Cash, Conventional
Land Recorded:
Regular System
Exclusions:
--
Easements:
None
Set-Backs:
C&C
Compensation*:
2.75
Compensation Type:
%

* The offer of compensation to cooperating brokers is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Sunday, May 5, 2024.  Information is deemed reliable but not guaranteed.  Copyright: 2024 by HiCentral MLS, Ltd.  Listing courtesy of Island, REALTORS